KT Corp. (KT) Reaches New 12-Month High at $16.65
KT Corp. (NYSE:KT) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.65 and last traded at $16.59, with a volume of 241,779 shares traded. The stock had previously closed at $16.46.
A number of research analysts have recently issued reports on KT shares. HSBC upgraded shares of KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Zacks Investment Research lowered shares of KT Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.00.
The company has a market capitalization of $8.11 billion and a P/E ratio of 16.30. The firm’s 50 day moving average is $15.06 and its 200-day moving average is $13.73.
A number of hedge funds and institutional investors have modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of KT Corp. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,551 shares of the company’s stock worth $7,617,000 after buying an additional 8,559 shares during the last quarter. US Bancorp DE boosted its position in shares of KT Corp. by 6,739.3% in the fourth quarter. US Bancorp DE now owns 214,411 shares of the company’s stock worth $2,554,000 after buying an additional 211,276 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of KT Corp. by 41.0% in the fourth quarter. Morgan Stanley now owns 2,304,813 shares of the company’s stock worth $27,450,000 after buying an additional 670,754 shares during the last quarter.
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